ICDP (ICD): Information about legal proceedings against the Company - raport 12
Intercapital Property Development ADSIC, a company incorporated and conducting business in the Republic of Bulgaria, registered with the Commercial Registry by the Bulgarian Registration Agency under number EIK 131397743, having its seat and registered address in Sofia, 7a Aksakov Street, floor 4 (hereinafter referred to as "ICPD") would like to inform the public of the following:
In the summer of 2015 "PIRAEUS BANK BULGARIA" AD has formed an enforcement case № 671/2015 on the inventory of PEA Stanimira Nikolova, reg. № 805 of the CPEA, for the area of the District Court - Bourgas. The claimed to the enforcement case principal amounts to BGN 1 099 020.63 due under a contract for an investment loan. Enforcement proceedings have been instituted on the basis of two pieces of a writ of execution issued pursuant to Art. 417 of the CPC.
After receiving a notice of voluntary compliance "Intercapital Property Development" ADSIC has filed objections to both executive lists. "PIRAEUS BANK BULGARIA" AD has filed a declaration under Art. 422 of the CPC to establish the due amount of the writ of execution. On 09.05.2016, the "Intercapital Property Development" ADSIC has also been notified for a filed by "PIRAEUS BANK BULGARIA" AD request for opening of insolvency proceedings under Art. 629, para 2 of the Commerce Act. Currently there has not been initiated insolvency proceedings in respect of "Intercapital Property Development" ADSIC. The Company’ deadline to answer the request for opening of insolvency proceedings expires on 25.05.2016.
Legal basis: § 17 Section 4 of the Alternative Trading System Rules NewConnect.
Osoby reprezentujące spółkę:
Milen Bozhilov - Investor relations director
